
Bakkt, a NYSE operator's cryptographic platform, has raised $300 million in investments during its B Series funding round.
Investors include her parent company Intercontinental Exchange and the M12 group comprising Microsoft, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital and Pantera Capital.
"With the completion of the B Series round of financing and the recent purchase of Bridge2 Solutions, Bakkt's team is 350 employees. The platform serves loyalty programs for 7 of the top 10 financial institutions, as well as more than 4,500 loyalty programs for other companies, among which there are two major U.S. airlines", — said Mike Blandina, Bakkt CEO.
Bakkt announced the acquisition of Bridge2 Solutions in early February this year.
Blandina confirmed that the launch of Bakkt's payment application is scheduled for this summer. Earlier, the media reported that it will be launched in 2020.
"I am undoubtedly pleased with our success and that the application will be launched this summer. We have a unique opportunity to use the technology, infrastructure and our partners to distribute and promote innovative products", — said Bakkt CEO.
Blandina added that in the future Bakkt will work with "loyalty points, in-game items, tools for accumulating value for sellers and cryptov currencies". The total purchase potential of all the above products is about a trillion USD.
"Bakkt will give users the ability to control their digital assets, whether it is miles at their favourite airline, loyalty points at a local grocery store or bitcoins they have previously purchased. All digital assets will be stored in a single digital wallet", — Blandina also claims.
In January, Bakkt president Adam White said the application will support a large number of types of digital assets, including cryptov currencies.
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